loan
- Thailand News
Prime time relief: Govt’s debt deal targets students, teachers, and small-biz owners
A fresh debt relief package aimed at several demographics, including past students embroiled in student loan repayments, teachers, and owners of small-to-medium businesses, is set to be unveiled by the government, according to Prime Minister Srettha Thavisin‘s announcement yesterday. The Bangkok-born Thai PM added that this package, which will also extend to individuals making repayments to non-banking lenders, is expected…
- Thailand News
Thai Government Savings Bank promises low interest rates for home loans
The Government Savings Bank (GSB), an institution committed to enabling Thai citizens to own their homes, is prepping a credit line of 45,000 million baht to offer three home loan products with fixed interest rates for the first three years, marking the end of this year. The initiative is expected to inject liquidity into the economy. According to Karm Phonprakong,…
- Thailand News
Three strategies to pay off your home loan faster in Thai baht
The topic of mortgage payments has been making waves on social media recently, following a Facebook user sharing their experience of repaying a home loan with a bank. The user was required to pay 10,900 baht, but after deducting the principal amount, only 5.50 baht was left, the remainder being interest. Today, we want to share three easy, effective strategies…
- Thailand News
Government offers loans to Thai workers returning from Israel
The Thai government pledged to extend low-interest loans of up to 150,000 baht to each Thai worker who has been forced to return from Israel due to the ongoing war in Gaza, Palestine. The loans aim to help Thai workers settle any outstanding debts with job brokers or to fund alternative career paths. Paopoom Rojanasakul, the finance minister’s secretary, revealed…
- Business News
Thailand banks break the ice: Freezing loan rates to thaw financial stress
Thailand’s state-run banks have taken a bold step to counteract high interest rates by freezing their loan rates. This move has been initiated to assist low-income earners and small to medium-sized enterprises (SMEs), as disclosed by Vitai Ratanakorn, who holds dual roles as president and chief executive of the Government Savings Bank (GSB). The GSB, which currently services six million loan…
- Business News
Banking on change: Thai banks raise policy rates to woo depositors with digital deals
Following the Bank of Thailand‘s decision to hike its policy rate by 0.25 percentage points, banks are now increasing both their loan and deposit rates. In a bid to attract depositors, special rates are being offered on digital savings products. Siam Commercial Bank (SCB), the country’s fourth-largest lender by total assets, has acted promptly to the central bank’s policy rate…
- Guides
Exploring different types of loans available for foreigners in Thailand
In need of a loan? As an expat living in Thailand, you’re probably wondering what your options are. Getting a loan in the country as a foreigner is not easy, but it’s not impossible. Guided by an interest in propelling economic development and promoting tourism, the local government has taken significant strides in making access to financial support much easier…
- Business News
Thailand’s Student Loan Fund expands reach to address ageing society needs
The Student Loan Fund (SLF) in Thailand, managed by Chainarong Katchapanan, announced plans to extend its loan services to all working-age adults, aged between 18 and 65. The move, aimed at upskilling and reskilling, is in response to Thailand’s shift towards an ageing society. This initiative will be implemented by the end of this year, marking the first time since…
- Guides
Can expats get a loan in Thailand?
As an expat living in Thailand, you may have often wondered, “Can I get a loan as a foreigner in Thailand?” Maybe you’re eyeing that lovely condominium in the heart of Bangkok, dreaming of a shiny new car, planning your dream tropical wedding by the beach, or thinking of sprucing up your home. And naturally, you’re looking at loans to…
